Mativ Holdings Inc. (MATV)
Total asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,204,600 | 2,392,000 | 2,560,900 | 2,326,800 | 2,069,000 | 1,839,000 | 1,557,000 | 1,515,700 | 1,408,700 | 1,297,700 | 1,200,900 | 1,082,300 | 1,051,600 | 1,010,700 | 988,900 | 997,600 | 993,200 | 1,003,400 | 1,014,000 | 1,029,600 |
| Total assets | US$ in thousands | 2,642,400 | 3,117,800 | 3,648,900 | 3,674,800 | 3,669,200 | 3,712,700 | 2,395,300 | 2,441,900 | 2,420,300 | 2,419,800 | 2,423,300 | 1,587,500 | 1,584,900 | 1,590,600 | 1,578,100 | 1,655,200 | 1,471,700 | 1,450,200 | 1,489,400 | 1,485,700 |
| Total asset turnover | 0.83 | 0.77 | 0.70 | 0.63 | 0.56 | 0.50 | 0.65 | 0.62 | 0.58 | 0.54 | 0.50 | 0.68 | 0.66 | 0.64 | 0.63 | 0.60 | 0.67 | 0.69 | 0.68 | 0.69 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,204,600K ÷ $2,642,400K
= 0.83
Mativ Holdings Inc's total asset turnover has shown varying performance over the past eight quarters. In Q4 2023, the company achieved a total asset turnover of 0.77, indicating that it generated $0.77 in sales for every $1 of total assets. This represents a slight decrease from the previous quarter's total asset turnover of 0.80.
Looking back over the past two years, Mativ Holdings Inc's total asset turnover has generally been trending upwards, with some fluctuations. Compared to Q4 2022, where the company had a total asset turnover of 0.59, the current ratio reflects an improvement in the efficiency of utilizing its assets to generate sales.
Overall, the increasing trend in total asset turnover suggests that Mativ Holdings Inc has been more effective in generating revenue relative to its total assets. This indicates that the company has been managing its assets efficiently and effectively, which can be a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023